Budget & Fiscal Responsibility

Congressman Hoyer is fighting to address our nation's deep deficits and debt, and is actively engaged in the effort to put our country on a fiscally sustainable path. He believes that it is immoral to expect future generations to pay for the excess spending of this and previous generations. He introduced and successfully helped enact into law the pay-as-you-go principle - or "PAYGO" - a proven tool for fighting debt that that helped create budget surpluses in the 1990s. Like families across the country, Congress must make the tough choices to determine our real priorities and not spend beyond our means.  PAYGO also forces Congress to look harder for wasteful spending that can be cut.

Congressman Hoyer has called on Congress to enact a deficit reduction plan that recognizes the need to create jobs in the short term while bringing down our deficit over the long term. He supports a solution that puts all options on the table, including spending cuts, increasing revenues, cutting waste in defense spending, and strengthening entitlements while protecting seniors and the most vulnerable and preserving the Medicare guarantee. He has urged both parties to compromise on a balanced approach that asks all Americans to contribute their fair share.

Congressman Hoyer is committed to reducing the deficit, and has urged both parties to work together to put our nation on a fiscally sustainable path while making the investments we need to have a strong economy.

Hoyer Offers Alternative to Stop Shutdown

I thank the Majority Leader for yielding. I share his view we ought to keep the government running, not only the sake of our economy but for the sake of all those that rely on the federal government.

Hoyer: Closing Tax Loopholes Must Be Part of the Answer to Budget Challenges

Last week, former Republican Congressman Joe Scarborough said this about the hard work of getting America out of debt: 'The belief of some on the right that America can balance the budget by cutting education, infrastructure, the Corporation for Public Broadcasting, and home heating assistance to the poor is tantamount to budgetary witchcraft.'

Hoyer: Republican Spending Bill Will Cost Maryland 13,500 Jobs

Todays analysis proves what Democrats and independent analysts have been saying for weeks: Republicans spending bill will severely damage our economy here in Maryland, preventing it from continuing to grow and create jobs.

Hoyer Floor Statement on Short-Term Continuing Resolution

Our deep debt is a serious danger to our economic future and our childrens opportunities. The American people want us to bring the debt down, and I doubt that theres a Member here who disagrees.

Hoyer Floor Statement on the Republican Spending Bill

In 1993, we looked the fiscal situation of our country in the eye. We had sustained $1.4 trillion of deficit spending under President Reagan and $1.1 trillion of deficit spending under President Bush.

In the News: Hoyer Speech on Democratic Domestic Agenda in 112th Congress

Today's news stories highlighting Majority Leader Hoyer's speech this morning at an event hosted by the National Press Club on the need for American leaders to look beyond two-year election cycles to address the challenges facing our country, including job creation, economic growth, and fiscal responsibility.